Secondary Fund Modeling The Secondary Fund Modeling course offered under the ILPA Institute suite of programs is designed to provide participants with a detailed understanding of modeling a private equity fund interest. This practical, hands-on course will provide a general framework and tools to understand the key drivers to assess a secondary opportunity from the diverse perspectives of the buyer, seller and general partner. Participants will be exposed to all the major quantitative and qualitative considerations and will learn the key components of a secondary model that will include an interactive case study to further understand the function and execution that can be applied outside of the course. COURSE OVERVIEW Understanding the key drivers of underwriting a fund interest is important if an organization intends to use the secondary market to its competitive advantage.This course will give participants the opportunity to review the key components and valuation drivers of an effective secondary model, learn best practices when working with a secondary model and complete a case study on how to underwrite a private equity fund interest. Participants will be exposed to a general framework and tools that will provide an understanding of secondary transactions and the ability to adapt the standard modeling approach to different scenarios whether as a potential buyer, a seller or an investor making an assessment on whether to buy, sell or hold in a GP led transaction. 18 SPECIALIST SERIES